Hammond Manufacturing Company Limited
TSX : HMM.A

Hammond Manufacturing Company Limited

March 10, 2011 12:29 ET

Hammond Manufacturing Company Limited Announces Financial Results for the Year and Fourth Quarter Ended December 31, 2010

GUELPH, ONTARIO--(Marketwire - March 10, 2011) - HAMMOND MANUFACTURING COMPANY LIMITED (TSX:HMM.A) announces financial results for the year and fourth quarter ended December 31, 2010:

    Twelve months ending:     Three months ending:
      12/31/10     12/31/09       12/31/10     12/31/09
Net Sales   $ 78,587,000   $ 69,406,000     $ 19,270,000   $ 16,190,000
Earnings from operations(*)     4,003,000     1,525,000       892,000   $ 156,000
Net Earnings     2,032,000     (44,000 )     454,000   $ 69,000
Earnings per share   $ 0.18   $ (0.00 )   $ 0.04   $ 0.01
                           
Shares outstanding     11,334,300     11,334,300              
Net Book value per share   $ 2.51   $ 2.36              
                           
(*) Earnings from operations is before interest, foreign exchange, equity interest, other income and taxes

To all employees and shareholders:

Our year ended strongly with a return to pre-recession market levels. These results reflect the successful efforts of everyone at Hammond.

Hammond Manufacturing Company Limited manufactures a broad range of products for the electronic and electrical products industry, including metallic and non-metallic enclosures, racks, small cases, outlet strips, surge suppressors and electronic transformers.

Contact Information

  • Hammond Manufacturing Company Limited
    Robert F. Hammond
    Chairman and CEO
    (519) 822-2960
    (519) 822-7289 (FAX)
    ir@hammfg.com